09-07-2011, 08:23 PM
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Member
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Join Date: Aug 2008
Location: Woodstock, ONTARIO
Posts: 849
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Quote:
Originally Posted by PFoster
First off, when you make a purchase in the US with a Canadian credit card you get at least 2-6% off of the current exchange rate.
This doesnt matter if we are buying it from ecotech or if a consumer is buying it from a retailer.
Maybe I'm wrong but aren't credit card processing fees normally 2%....? Also wouldn't the same be true of the situation for US distributors? And if someone is getting poor conversion rates on their credit card....well that isn't very smart. I have a US dollar mastercard and I don't even own a business.
So at an absolute min conversion rate of 2%, with the CAD being only 1 cent below the USD as of yesterday, that means that the scale is actually being tiped slightly in the other directions and 1 USD costs $1.01 CAD.
You have your conversion wrong. $1CAD=1.014USD today and was pretty much the same yesterday www.xe.com
Now add shipping to Canada from the US, brokerage and such and you end up with an importation cost of about 8%.
Ok shipping might be slightly more but do you really pay brokerage? Most of UPS's services you pay no brokerage at all. http://www.ups.com/content/ca/en/shi...brokerage+fees And if you are purchasing into the thousands of dollars worth the brokerage is really negligible when using UPS standard. |
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Last edited by reefermadness; 09-08-2011 at 12:09 AM.
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